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France announces 'record' foreign investments worth 15 bn euros
France has received combined investment commitments from foreign companies of more than 15 billion euros ($16.2 billion), President Emmanual Macron's office said Monday. Macron's office said that the 15-billion-euro investment total -- spread over a "record" 56 projects -- would potentially lead to 10,000 job creations.
Saudi Arabia's billion-dollar football league a work in progress
Anyone expecting immediate results from Saudi Arabia's unprecedented splurge on football stars was probably disappointed as the billion-dollar spending created a lopsided season with no international silverware so far.
Maldives gets IMF debt warning as more Chinese loans loom
The International Monetary Fund warned the Maldives against looming "debt distress" Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China. The Maldives is a small nation of 1,192 tiny coral islets scattered 800 kilometres (500 miles) across the equator, but it strategically straddles key east-west international shipping routes.
US, Japanese banks lead fossil fuel financing
The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday. Since the 2015 Paris climate agreement, the top 60 banks have provided a total of $6.9 trillion to the sector, according to the coalition's 15th annual report titled "Banking on Climate Chaos".
China says to sell initial batch of long-dated bonds this week
China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced Monday, as Beijing looks to increase support for the world's second-largest economy. The Ministry of Finance did not specify the number of bonds that will be issued.
US sanctions test China's 'no limits' friendship with Russia
Chinese banks are tightening scrutiny over trade with Russia for fear of incurring strict new US sanctions over the Ukraine war, testing the "no limits" friendship between the two countries. But Washington's recent vow to go after financial institutions that help Moscow fund the conflict has tested the boundaries of Beijing's bonhomie -- and left its banks fearful of getting cut off themselves.
Sweden's small game studios punching above their weight
"Minecraft", "Valheim", and "Raft", just to name a few: Small or even one-man teams from Sweden have produced more video game hits than one would expect from a small country. As "a really big Minecraft fan", he himself was psyched when he learned the game had been developed in his home country.
Asian markets mixed as traders pause ahead of US inflation data
Equities fluctuated Monday as traders took a breather after the past weeks' healthy run as they absorbed weak Chinese data and reports that the United States planned to ramp up tariffs on clean energy products from the Asian country.
Cambodia's famed Kampot pepper withers in scorching heatwave
Farmer Chhim Laem shakes his head as he walks between long rows of dead bushes, their brown leaves scorched by heat and drought that have devastated Cambodia's famed Kampot pepper crop. The Kampot region produced about 120 tonnes of peppercorns last year, but farmers say that excessive heat and rain have made 2024 the worst on record.
AFP
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